News

Côte d’Ivoire to invest over $7 billion in infrastructure sector

  • Comments   -   Wednesday, 07 March 2018 - 15:15

(Ecofin Agency) - Côte d’Ivoire plans to disburse about CFA3, 750 billion ($7.09 billion) in the coming five years, to develop its infrastructures.

 The funding falls in line with an infrastructures investment plan and should allow the country to build new projects to boost its strong and growing economy.

 According to information relayed by RFI, this plan should help develop road and motorway projects and construct bridges. It will also enable the development of projects in the hydraulic sector that has already captured so far, about $ 1.2 billion.

In addition to the existing bridges in Abidjan, another one is planned to connect Yopougon and the business center in Plateau district.

The country also planned to construct a 330 km highway in line with the project to build a 1, 000 km highway linking Yamoussoukro and Ouagadougou. It should be noted that the world-fourth fastest growing country (according to a recent report of World Bank) has been increasing infrastructure projects in recent years. This should enable it to diversify key sectors to fast track growth that is still sensitive to fluctuations in commodity markets. 

Moutiou Adjibi Nourou (intern)   

On October 18, 2018, Léon Juste Ibombo, Congo’s minister of posts and...
Read more |  19 October 2018
JSE - listed (Johannesburg Stock Exchange) IT company Altron and Huawei partnered to...
Read more |  19 October 2018
Bank of Kigali will issue new shares at CFA270 each, the bank...
Read more |  19 October 2018
Kenya plans to attract about 2.5 million tourist arrivals per year by...
Read more |  19 October 2018
Tunisia is being watched by the Eurobond market following its announcements that...
Read more |  19 October 2018
The African Development Bank’s efforts to channel critical investment funding to Africa’s...
Read more |  19 October 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.